Updated Mar 11, 2025
Fortress Investment Group Acquires Industrial Property In Fremont For $29M
42744 Boscell Road, Fremont, California 94538, United States
$29,000,000
$310/SF
Building Size
93,385 SF
Asset Type
Industrial
Closing
Jun 23, 2022
About this deal
AI
Fortress Investment Group - Wesley R. Edens has acquired an industrial property located at 42744 Boscell Road in Fremont. The property spans across 6.3 acres and is situated in the market of Fremont. The transaction took place on June 24, 2022, and the asset has a total area of 93,385 square feet. The sale price for the property was $29,000,000, resulting in a price per square foot of $310.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $29,000,000
- Address: 42744 Boscell Road, Fremont
- Market: Fremont
- Acres: 6.3
- Buyer: Fortress Investment Group - Wesley R. Edens
- Seller: Weiglein Properties, Sveiks Holdings & Glade Barne Holdings
- Brokers: Rick Keely & Greig Lagomarsino - Colliers
Rick Keely and Greig Lagomarsino from Colliers represented the buyer, Fortress Investment Group - Wesley R. Edens, in this transaction.
Players
Fremont Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93